Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $12.79, for a total transaction of $153,480.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mercer International Inc. (MERC) traded up $0.55 during trading hours on Thursday, reaching $13.30. 191,900 shares of the company’s stock traded hands, compared to its average volume of 161,692. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44. Mercer International Inc. has a 52-week low of $10.45 and a 52-week high of $15.00. The stock has a market cap of $845.22, a P/E ratio of 18.06 and a beta of 1.52.

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Large investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC increased its holdings in Mercer International by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 1,654 shares in the last quarter. Renaissance Group LLC increased its holdings in Mercer International by 10.5% during the 3rd quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 4,087 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in Mercer International during the 4th quarter valued at about $963,000. Bogle Investment Management L P DE acquired a new stake in shares of Mercer International during the 4th quarter worth about $1,242,000. Finally, James Investment Research Inc. acquired a new stake in shares of Mercer International during the 4th quarter worth about $1,991,000. Hedge funds and other institutional investors own 79.28% of the company’s stock.

A number of equities analysts have recently issued reports on MERC shares. Royal Bank of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $12.00 to $15.00 in a report on Wednesday, October 18th. Credit Suisse Group downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. CSFB downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Friday, October 27th. BidaskClub downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, ValuEngine upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Mercer International has an average rating of “Hold” and a consensus target price of $16.19.

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About Mercer International

Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.